Phong Le, CEO of Strategy, distilled his company’s entire operating philosophy into seven words on June 5: “Buying Bitcoin is easier than selling.”
Strategy, the firm formerly known as MicroStrategy, has turned itself into the largest corporate Bitcoin treasury on the planet, sitting on roughly 843,000 BTC.
The 32 BTC that launched a thousand questions
In early June 2026, the company offloaded 32 BTC for approximately $2.5 million. That marked the first time Strategy had sold any of its Bitcoin holdings since 2022.
The sale was made to service preferred dividends, specifically tied to the company’s STRC perpetual preferred stock. That instrument, formally known as the Series A Perpetual Stretch Preferred Stock, offers an annualized yield of approximately 11.5%, and its economics are directly linked to BTC acquisition.
